Forming a Nevada Limited Liability Company

2008-11-03 15:10:11

( Business )



Limited Liability Company Formation

Just like any other form of organization, your limited liability company needs to be incorporated in order to be recognized as a legitimate business. This means submitting documents that properly identify the company and its officers and shareholders. You need to specify the company's name and where the offices will be located.

You need to elect one state to incorporate your limited liability company. You can choose from any of the fifty states, although each state has its own requirements and restrictions.

Nevada is One of the Best Places to Incorporate

People who want to form and incorporate limited liability companies have found Nevada to be one of the best choices.

Forming a Nevada limited liability company does not take too much time, effort or expense. As long as you have all the paperwork that the Nevada state office requires, you can easily form a Nevada limited liability company in a few days. You don't even need to be a resident of Nevada to form an LLC there.

Unlike most other states, Nevada does not require you to pay the annual franchise tax, which costs anywhere from one to several hundreds of dollars.
The state does not require payment of state income taxes either, as long as the profits you have achieved for your business were earned in another state.

Requirements for Forming a Limited Liability Company in Nevada

You need to think of a good business and brand name, preferably a very unique name that does not sound like already noted brands and company names.

You also need to pay a filing fee for incorporation your Nevada limited liability company. As long as your company remains in force, you need to pay the filing fee each year.

The state requires you to submit your articles of incorporation and list of stockholders or members with their contact information. Your articles of incorporation must state membership rules and policies clearly.

For more information about incorporating a Nevada limited liability company, you can access sites that provide details on incorporation laws of each state. You can also contact a Nevada-based law firm to act as your business agent, in order to facilitate the entire process of incorporation.


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